Monthly Archives: April 2023

One again, f&ck you, pay me.

Posted on April 29, 2023 by grim

From ScotusBlog: Justices appear likely to side with homeowner in foreclosure dispute Geraldine Tyler, a 94-year-old grandmother, lost her Minneapolis condo when she failed to pay the property taxes for several years. Tyler does not dispute that Hennepin County could … Continue reading →

Posted in National Real Estate, Property Taxes | 40 Comments

Paycheck to Paycheck

Posted on April 28, 2023 by grim

From the Record: Report: 37% of working families in NJ struggled to make ends meet during COVID pandemic A new report shows that 37% of New Jersey households — 1.3 million families — were not able to afford basic necessities … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 65 Comments

It’s that kind of market?

Posted on April 27, 2023 by grim

From, uh, does it matter? Tips To Win a Bidding War In a seller’s market, when demand is high and inventory is low, buyers often have to go above and beyond to make sure their offer stands out from the … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 88 Comments

Tick tick tick

Posted on April 24, 2023 by grim

From DSNews: Q1 Foreclosure Activity Trends Upward ATTOM’s Q1 2023 U.S. Foreclosure Market Reporthas found that a total of 95,712 U.S. properties had foreclosure filings during Q1 of 2023, up 6% from Q4 of 2022, and up 22% year-over-year. The … Continue reading →

Posted in Foreclosures, National Real Estate | 180 Comments

NJ losing jobs

Posted on April 22, 2023 by grim

From the APP: NJ jobs shrinking? Employers still hiring? Making sense out of economic crystal ball New Jersey lost 2,600 jobs in March and its unemployment rate remained steady at 3.5%, the state Department of Labor and Workforce Development said … Continue reading →

Posted in Economics, New Jersey Real Estate | 30 Comments

Do we go negative now?

Posted on April 20, 2023 by grim

From Redfin: Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade The median U.S. home sale price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012. That follows February’s 1.2% dip, which was the first annual … Continue reading →

Posted in Housing Bubble, Mortgages, National Real Estate | 139 Comments

Locked in is the new priced out

Posted on April 19, 2023 by grim

From DS News: Fannie Mae: ‘Lock-in Effect’ Amplifying Housing Shortages While the annual rate of increase in home prices slowed dramatically as a result of inflated interest rates, single-family home prices increased at a non-seasonally adjusted annual rate of 4.7% from … Continue reading →

Posted in Demographics, Mortgages, National Real Estate | 73 Comments

Let the borrowing begin!

Posted on April 18, 2023 by grim

From the Star Ledger: N.J. credit rating gets two more upgrades from Wall Street as state coffers overflow  New Jersey’s credit rating has won two more upgrades from Wall Street’s major rating agencies, bringing the number of upgrades to three … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 73 Comments

Fastest selling markets in NJ (Feb edition)

Posted on April 15, 2023 by grim

From Redfin: New Jersey Towns Where Homes are Still Selling Fast According to RedFin‘s February 2023 data, it takes 61 days to sell a home in New Jersey, which is an 11 day increase from 2022. We’ve compiled a list of … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 53 Comments

Back in the pool!

Posted on April 12, 2023 by grim

From CNBC: Homebuyer mortgage demand jumps after interest rates drop to two-month low Today’s housing market is so pricey that homebuyers are highly sensitive to any distinct moves in mortgage rates. And that’s what happened last week. Rates dropped, and … Continue reading →

Posted in Demographics, Economics, Housing Bubble, Mortgages | 122 Comments

Who can afford all this?

Posted on April 11, 2023 by grim

From Stacker: The 50 cities in New Jersey where home prices are rising the fastest

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 19 Comments

Welcome to the party

Posted on April 10, 2023 by grim

From Axios: Millennial homeowners outnumber renters for the first time Millennial homeowners outnumbered millennial renters for the first time last year, despite creeping interest rates and a tight real estate market. Driving the news: Nearly 52% of the first generation to grow … Continue reading →

Posted in Demographics, Economics, National Real Estate | 38 Comments

Don’t worry about commercial real estate…

Posted on April 9, 2023 by grim

From Insider: Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there’s little chance it triggers a financial crisis It seems like there are three words on the lips of every investor now that … Continue reading →

Posted in Economics, Mortgages, National Real Estate, Risky Lending | 24 Comments

Reinstate Pearson and Jones

Posted on April 8, 2023 by grim

From CSPAN:

Posted in Politics | 50 Comments

Heating up!

Posted on April 7, 2023 by grim

From CNN: Mortgage rates fall for the fourth week in a row Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row, according to data from Freddie Mac released … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 59 Comments